The price of oil decreased considerably yesterday. The price of a barrel of West Texas Intermediate decreased by 3.6% to USD 71.26. Market experts indicated concerns about the weak purchasing data from China and the fact that OPEC+ has officially started to increase production. The purchasing managers’ index for industry in China fell from 51.3 in June to 50.3 in July. This is the lowest reading in 15 months and still only marginally points to growth.
The industrial activity of the United Kingdom in July has grown again at a slower pace. This was shown by final figures from Markit Economics. The index for industry decreased from 63.9 in June to 60.4 in July. In May, a record of 65.6 was set. An index reading greater than 50 indicates growth, while less than 50 means contraction.
The industrial activity in the eurozone also continued to grow in July, but at a reduced pace. The final index for industry by Markit Economics decreased from 63.4 in June to 62.8 last month. Earlier, an index of 62.6 was reported for July.
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 3 basis points to -0.10% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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